Over the past several days, the Washington debt debacle has been obscuring a lot," said Cramer. And once the cloud lifts, any or all of these catalyst could wield significant influence.

Aside from the debt dilemma, here are 12 developments Cramer found noteworthy over the past several days.

1. A new type of cholesterol drug from Regeneron and Sanofi reduced bad cholesterol in patients who otherwise can't take the current statin drugs. "It could easily mean $3 billion in sales, a genuine blockbuster that I think will be fast-tracked because of these results.

2. "We got some incredible European auto sales for September," Cramer said. The Mad Money host thinks developments bode well for Ford and General Motors. "Both should be able to report much better than expected numbers because of this turn as well as a better tone to Chinese sales."

3. Bank of America reported quarterly earnings and revenue that beat Wall Street's expectations on Tuesday, helped by favorable credit conditions, lower expenses and a rise in equity income. "When was the last time you heard something like that? I can see Bank of America returning to its greatness once again, with a big dividend and consistent growth."

Adam Jeffery | CNBC

4. PepsiCo reported higher quarterly earnings on Wednesday and said it was on track to meet its financial goals for the year, despite a sluggish economy. "They reported those strong results even though carbonated soda stalled in this country," Cramer said.

5. "Abbott delivered a terrific number and then a monster dividend boost from 14 cents to 22 cents," Cramer said.

6. Advance Auto Parts announced plans to buy General Parts International for just over $2 billion, creating the largest North American retailer of auto parts, as strong new car sales hit demand for repair and replacement.

7. "Two brokerage houses recommended Pioneer Natural Resources, the stock I've been telling you about lately because the company's sitting on a huge field in the Permian Basin that just might be the second largest oilfield on earth," Cramer said.